Use the following financial statements and additional
Question and Solution
Use the following financial statements and additional information to (1) prepare a statement of cash flows for the yea
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Use the following financial statements and additional information to (1) prepare a statement of cash flows for the year ended December 31, 2018, using the indirect method, and (2) analyze and briefly discuss the statement prepared in part 1 with special attention to operating activities and to the company's cash level. Additional Information a. No dividends are declared or paid in 2018. b. Issued additional stock for $10,000 cash in 2018. c. Purchased equipment for cash in 2018; no equipment was sold in 2018.
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